The InterGroup (NASDAQ:INTG) Rating Lowered to Sell at StockNews.com

The InterGroup (NASDAQ:INTG) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a report released on Friday.

The InterGroup Trading Down 3.1 %

The InterGroup stock opened at $14.90 on Friday. The stock has a market cap of $32.59 million, a price-to-earnings ratio of -2.08 and a beta of 0.31. The company’s 50-day moving average price is $17.16 and its two-hundred day moving average price is $20.05. The InterGroup has a 52 week low of $13.92 and a 52 week high of $31.40.

The InterGroup (NASDAQ:INTG) last released its earnings results on Monday, September 30th. The financial services provider reported ($1.70) EPS for the quarter. The business had revenue of $13.43 million for the quarter.

Hedge Funds Weigh In On The InterGroup

An institutional investor recently raised its position in The InterGroup stock. PFG Investments LLC lifted its holdings in The InterGroup Co. (NASDAQ:INTG) by 2.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 330,688 shares of the financial services provider’s stock after purchasing an additional 7,859 shares during the period. PFG Investments LLC owned about 15.12% of The InterGroup worth $6,825,000 at the end of the most recent reporting period. Institutional investors own 3.36% of the company’s stock.

The InterGroup Company Profile

The InterGroup Corporation, through its subsidiaries, operates a hotel under the Hilton San Francisco Financial District name located in San Francisco, California. The company operates through three segments: Hotel Operations, Real Estate Operations, and Investment Transactions. Its hotel consists of guest rooms and luxury suites, a restaurant, a lounge, a private dining room, meeting room space, a gym, a grand ballroom, 5-level underground parking garage, a pedestrian bridge, and a Chinese culture center.